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Camec plans to bid $1,9bn in shares for Katanga

Central African Mining & Exploration Company (Camec) intends to make an all-share offer for Canadian-listed copper company Katanga, it said on Wednesday.

The company, which announced plans to bid for Katanga earlier this week, said that it would offer 17 Camec shares for every Katanga share, an improved ratio from the 15 to 1 that Camec announced in its earlier statement.

“The acquisition will create one of Africa’s largest copper and cobalt producers,” Camec, which already owns a 22% stake in Katanga, said in a note to shareholders.

By: Esmarie Swanepoel
Graphite hopeful Triton Minerals has formed a strategic alliance with diversified critical materials company AMG Mining AG to hunt for graphite opportunities in Mozambique.
The two-year alliance would see the two parties collaborate on the exploration, identification and development of graphite projects in the Ancuabe district, in Mozambique. →